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20121002
20121002
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with this debate this week. >> very interesting. thank you very much a reminder to all of you tomorrow, president obama, governor romney do kick off the first of three presidential debates and cnbc will carry it live. our coverage begins at 8 p.m. eastern time. it's your money, your vote. sue? >>> ty, the financial crisis haunting america's biggest bank, jpmorgan being sued by new york attorney general eric schneiderman, claiming that the bear sterns business that jpmorgan took over in 2008 defraud mortgage bond investors a are. our senior correspondent scott cone has been working on the case. scott? >> sue, under the head nothing good deed goes unpunished, if how you characterize the takeover of bear stearns, the federal government for the $10 a shake jpmorgan got not only bear stearns' assets but liabilities, including, authorities say responsibility four some of the most egregious conduct in the financial crisis you churning out residential mortgages by the thousands, bundling them into what the firm told investors were quality securities, knowing all along many of the mortgages were duds a sy
that we could have an electoral tie. highly unlikely. so i don't think the election's over. b obama has the lead. we still have a month to go. the next two weeks with three presidential, one vice presidential debates, we have a chance for mitt romney to set a different impression with the american people than he's been able to do so far. who knows what president obama will do and what events are happening in the world. but i'm not sure other than some tightening from a little surge that obama had which i think is receding a little bit, i'm not sure what nate is talking about. >> john, you wrote a column that talks about the debates and the impact of the debates traditionally. and made the case that traditionally it makes very little impact. >> there are many individual moments that make an impression. but to fundamentally change where a race is going is very rare and you need a combination of events. the example that i used in that piece, andrew, was 2000, al gore had a lead of about what president obama has now entering the debates against george w. bush. he had a reputation as a stron
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